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    2358 Newton St Akron, OH 44305

    Pending
    For Sale
    $116,667

    MULTI_FAMILY - Akron, OH

    Property size:
    960 SF
    Lot size:
    0.13 Acres
    Days on Market:
    103
    Last Refresh:
    Dec 8 at 1:06 am

    Property Features for 2358 Newton St

    General Information

    Property type
    Residential Multi Family
    Property subtype
    Other
    Standard status
    Pending
    Rooms
    Bathroom 1, Bathroom 2, Bedroom 1, Bedroom 2
    Bedrooms
    2
    Bathrooms
    2
    APN
    6817612
    Parking features
    Off Street
    Appliances
    Range, Refrigerator
    Size
    960 SF
    Lot size
    0.13 Acres

    Utilities

    Sewer type
    Public Sewer
    Heating system
    Natural Gas, Forced Air
    Cooling system
    Window Unit(s)
    Water source
    Public

    Building Details

    Year built
    1958
    Floors in Building
    1
    Building materials
    Brick, VinylSiding
    Roof type
    Asphalt, Fiberglass

    Mosholder Realty Inc. (330) 633-5536 [email protected]

    Listing agent Steven Mosholder (330) 554-6770 License #2007005247

    Listing date Aug 28, 2025

    Copyright © 2025 MLS Now. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    Akron Multifamily Investment Opportunity

    This Akron multi-family investment opportunity features a total of six units located in three buildings. All properties must be purchased together. Each two-unit building sits on an individual parcel of land. Every unit contains one bedroom and one bathroom with in-unit laundry. The living rooms and bedrooms feature vaulted ceilings. Windows on all buildings were replaced approximately six years ago, and all furnaces have been replaced approximately six to eight years ago. A new roof is planned for 2358/2360 in 2025. The roof on 2350/2352 is roughly eight years old, and the roof on 2354/2356 is roughly ten years old. The owner pays the Akron water/sewer bill, which averages $318.57 per month from July 2024 to July 2025, and all six units are currently on one meter. A dumpster is shared with the four-unit apartment next door, with the owner currently paying $50 per month for their half of the dumpster expense. All units have a wall or window-mounted AC unit, a range, and a refrigerator provided by the landlord. Good off-street parking is available. The units produce a gross rent of $3,665 monthly ($43,980 per year) and are currently being rented below market rate. Unit 2354 is larger than the other units but still consists of one bedroom and one bathroom. Lawn care is currently provided by the tenant. 2350 has a lease through March 2026, and 2356 has a lease through November 2025. All other tenants are month-to-month. The addresses are 2350, 2352, 2354, 2356, 2358, and 2360 Newton St. The property must be sold to one owner, and at closing, there will be deed restrictions requiring separate water meters for each parcel if any parcel is ever sold to individual buyers. The location is within the Ellet school district.
    Property Profile Location Intelligence

    Current Use by Public Records

    Apartment buildings

    Suggested Use

    Realty agency Law Firm Restaurant Spa & Massage Dental Office Hair Salon Nail Salon Clothing Store Building Supply Daycare Center

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Akron
    County
    Summit
    State
    Ohio
    Longitude
    -81.438137
    Latitude
    41.072118

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    FAQs

    What type of property is this?
    Apartment building - Six units in three buildings, all one bedroom, one bathroom.
    Where is this apartment building located?
    The property is located at 2358 Newton St Akron, OH.
    What is the asking price?
    The asking price for this property is $116,667.
    What are key features of this property?
    This property features: - Multi-family investment opportunity: 6 units in 3 buildings, providing immediate rental income.; - Below market rents: Opportunity to increase cash flow by raising rents to market rates.; - Each unit features its own laundry, a desirable amenity for tenants.
    (330) 554-6770
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    2358 Newton St Akron, OH 44305
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